I think you are talking about a short squeeze. Investors like short squeezes because when they happen the SP goes up fast and sometimes exponentially as panic sets in for shorters. .The potential for short Squeezes' goes up dramatically as number of shorts go up. For me I start looking at about 8% shorts. Simple if stock goes up shorters have to "buy to cover" in US this is a legal term and you are suppose to declare it when you buy. If you do not the broker does not clear the short.
Lynas Shorts. Most of the numbers I will use are JMO if you do not like them redo it with your own. If we look at 3 year chart on Short Man We see that Lynas has a background short level of about 2%. Current short level is 3.45%. If a short squeeze was to happen that means about 0.015 of the shares would be bought to cover 0.015 x 900M= 13M shares. If we look at volumes of last few weeks I think a SP rise of AUD 0.05 from a short Squeezer would happen. I doubt much more. Large Short buying and short squeezes are one time things and do not have long term impact! Covering shorts just like buying takes time JMO I think it would take a week or two. You form your own ideas. Here is a chart of recent activity. I would love to post short volume in this chart but a year or two ago Short Man upgraded their charting and removed the ability to download the raw data. They also eliminated the daily short trading numbers which were several times the size of the total shorts every day. Shorts are usually a very fast in and out trade.https://finance.yahoo.com/quote/LYC.AX/history?p=LYC.AX
Date Close* SP change Volume 1 18-May-21 5.45 (0.01) 3,549,782 2 17-May-21 5.46 0.02 3,626,042 3 14-May-21 5.44 (0.23) 8,226,174 4 13-May-21 5.67 (0.11) 4,719,599 5 12-May-21 5.78 (0.23) 15,666,363 6 11-May-21 6.01 0.03 4,636,191 7 10-May-21 5.98 0.18 3,567,478 8 7-May-21 5.8 0.10 3,396,712 9 6-May-21 5.7 0.00 5,426,006 10 5-May-21 5.7 0.10 4,644,579 11 4-May-21 5.6 0.06 6,043,603 12 3-May-21 5.54 0.04 6,710,722 13 30-Apr-21 5.5 0.02 6,204,743 14 29-Apr-21 5.48 0.25 12,022,026 15 28-Apr-21 5.23 (0.18) 12,700,207 16 27-Apr-21 5.41 (0.09) 4,840,161 17 26-Apr-21 5.5 0.02 6,561,803 18 23-Apr-21 5.48 0.17 8,971,723 19 22-Apr-21 5.31 (0.23) 11,503,150 20 21-Apr-21 5.54 (0.31) 36,702,877 21 20-Apr-21 5.85 (0.53) 20,795,990 22 19-Apr-21 6.38 0.20 6,652,776 23 16-Apr-21 6.18 6.18 4,108,131 24
- Forums
- ASX - By Stock
- LYC
- Ann: Becoming a substantial holder
Ann: Becoming a substantial holder, page-19
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
|
|||||
Last
$6.56 |
Change
0.050(0.77%) |
Mkt cap ! $6.131B |
Open | High | Low | Value | Volume |
$6.51 | $6.59 | $6.49 | $8.348M | 1.273M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 16304 | $6.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.56 | 2708 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 6.550 |
1 | 100 | 6.540 |
1 | 10000 | 6.510 |
3 | 5500 | 6.500 |
2 | 5330 | 6.480 |
Price($) | Vol. | No. |
---|---|---|
6.570 | 24700 | 3 |
6.590 | 1193 | 1 |
6.600 | 21366 | 10 |
6.610 | 569 | 1 |
6.630 | 15000 | 1 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |